The Financial Conduct Authority (FCA) has proposed new rules to help homeowners stuck in high-interest loan deals; AKA ‘mortgage prisoners’. What are mortgage prisoners? Well, prior to the 2008 financial crisis, the affordability tests that lenders were running weren’t as strict. However, regulations are tighter now and therefore lenders are stricter. As a result, around…Continue reading
Tag: Financial Conduct Authority
Practising Certificate Fees are Set to be Frozen for 2018-19
The Law Society Group recently presented draft plans which would mean solicitors pay the same practising certificate (PC) fees in 2018-19 as they did this year. Joe Egan, President of the Law Society of England and Wales, said that both the Law Society and Solicitors Regulation Authority (SRA) are making efforts to improve efficiency. The…Continue reading